Cetera Investment Advisers Grows Position in iShares MSCI USA Quality GARP ETF $GARP

Cetera Investment Advisers raised its holdings in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 25.3% in the first quarter, Holdings Channel.com reports. The fund owned 612,564 shares of the company’s stock after buying an additional 123,760 shares during the quarter. Cetera Investment Advisers owned approximately 0.07% of iShares MSCI USA Quality GARP ETF worth $39,186,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Advisors Asset Management LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth $14,357,000. Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 3.0% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 69,517 shares of the company’s stock valued at $4,447,000 after purchasing an additional 2,049 shares during the period. Independent Financial Group LLC purchased a new stake in iShares MSCI USA Quality GARP ETF during the first quarter worth about $20,542,000. D.A. Davidson & CO. boosted its holdings in iShares MSCI USA Quality GARP ETF by 31.7% during the first quarter. D.A. Davidson & CO. now owns 5,095 shares of the company’s stock worth $326,000 after buying an additional 1,225 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in iShares MSCI USA Quality GARP ETF by 193.2% during the first quarter. Bank of New York Mellon Corp now owns 17,385 shares of the company’s stock worth $1,112,000 after buying an additional 11,455 shares during the period.

iShares MSCI USA Quality GARP ETF Trading Down 0.7%

Shares of GARP opened at $78.32 on Friday. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.01 and a twelve month high of $83.40. The firm has a market capitalization of $657.89 million, a P/E ratio of 29.61 and a beta of 1.14. The firm’s 50-day moving average is $80.08 and its two-hundred day moving average is $72.99.

iShares MSCI USA Quality GARP ETF Profile

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.